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This record contains private information, which has been redacted from public viewing.
Record #: O2018-1879   
Type: Ordinance Status: Passed
Intro date: 2/28/2018 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 3/28/2018
Title: Sale of City-owned property at 5516-18 S Damen Ave to Nihad Masoud
Sponsors: Emanuel, Rahm
Topic: PROPERTY - Sale
Attachments: 1. O2018-1879.pdf

WHEREAS, the City of Chicago ("City") is a home rule unit of government by virtue of the provisions of the Constitution of the State of Illinois of 1970, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and
WHEREAS, the City is the owner of the vacant parcel of property located at 5516-18 South Damen Avenue, Chicago, Illinois 60636, which is legally described on Exhibit A attached hereto (the "Property"); and

WHEREAS, Nihad Masoud (the "Grantee"), with a home address of 8836 South 50th Avenue, Oak Lawn, Illinois 60453, has offered to purchase the Property from the City for the sum of Eight Thousand and 00/100 Dollars ($8,000.00), such amount being the appraised fair market value of the Property, to improve with landscaped open space thereon; and

WHEREAS, pursuant to Resolution No. 18-008-21 adopted on January 18, 2018, by the Plan Commission of the City (the "Commission"), the Commission approved the negotiated sale of the Property to the Grantee; and

WHEREAS, public notice advertising the City's intent to enter into a negotiated sale of the Property with the Grantee and requesting alternative proposals appeared in the Chicago Sun Times, a newspaper of general circulation, on December 13 and 20 , 2017; and

WHEREAS, no alternative proposals were received by the deadline indicated in the aforesaid notice; now, therefore,


SECTION 1. The City Council of the City hereby approves the sale of the Property to the Grantee for the amount of Eight Thousand and 00/100 Dollars ($8,000.00).

SECTION 2. The Mayor or his proxy is authorized to execute, and the City Clerk or Deputy City Clerk is authorized to attest, a quitclaim deed conveying the Property to the Grantee. The quitclaim deed shall also contain language substantially in the following form:

This conveyance is subject to the express condition that: the Property is improved with landscaped o...

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